You can set up this facility to an approved limit, then have the money available on an on-going basis.
With an unsecured overdraft you can enjoy:
| Key Features | |
|---|---|
| Variable interest rate | View our interest rates |
| Minimum amount | $500 |
| Maximum amount | $50,000 |
| Loan period | Continuing credit |
| Repayments | Weekly, Fortnightly, Monthly |
| Interest charges | Calculated on 5% of the closing balance |
| Minimum Repayment | 5% of the closing balance |
| Establishment Fees | No |
| Monthly account Keeping Fees | No |
| Auto Repayments (salary/account) | Yes |